TVC:NI225 is expected to re-test its distribution range low, which is also a previous support level at 20,400 level.
Supporting Claim for Downward Bias:
- Index Broke below its Uptrend Line (stride)
- Uptrend line has turned into resistance for index (Bearish)
- Experienced 2x Upthrust (Failure to maintain new high)
20,400 Level Objective based on:
- Previous...

After almost 2 years of consolidation . DAX is currently in Mark Down phase. Index broke a significant upward trend line last week. We will expect Mark Down continue towards 1st objective 9,800.
9,800 target was established based on:
- 2.168% Fibo projection
- Previous Resistance-turned-support
- Whole Number (Close to 10,000)

Gold is seeing supply diminishing as price broke out of the downtrend stride (line) an registering higher lows within its consolidation zone.
In addition, with both technical indicator MACD and FFI turning positive, we expect gold to breaks out of the accumulation zone.